Binance Charity had donated $2.5 million in cryptocurrencies to UNICEF to help children affected by the war in Ukraine. The charity continues to work with the United Nations to support the people of Ukraine.
BUSDs to support displaced people in Ukraine
The United Nations High Commissioner for Refugees (UNHCR) has received a donation of $2.5 million in Binance USD (BUSD) from Binance Charity. BUSD is the stablecoin created by Binance and Paxos, and is backed by the U.S. dollar.
The donation will be used to support refugees fleeing Ukraine to neighboring countries, including legal and social assistance.
“This generous support will make a life-changing difference for families forced to flee and, more importantly, it shows families that a caring and committed global community is stepping forward to help them in their darkest hour.”
Marie Grey, Executive Director and CEO of USA for UNHCR
The number of displaced people who have left their homes in Ukraine, has surpassed the 10 million mark, according to a report from USA for UNHCR.
Cryptocurrency donations for Ukraine sent to government-owned addresses, charities and humanitarian organizations, reached $108 million in early March 2022.
Cryptocurrencies have played an important role in providing logistical, financial and military support to the Ukrainian people. The donations have indeed helped to purchase military equipment. They are also intended to help a Ukrainian population forced to leave their land to flee the daily artillery fire and shelling. But cryptocurrencies – in the broadest sense – also have a historical and cultural role in this war. An NFT museum will immortalize on the blockchain the significant events of armed conflict.
